Argentina Budget Bill Puts 2015 Growth at 2.8% -- Update

TODAY: Sept. 16, 2014 PUB DATE: Sept. 16, 2014

By Ken Parks BUENOS AIRES--The Argentine government submitted its 2015 budget bill to Congress on Monday, forecasting an economic rebound of 2.8% following growth of just 0.5% this year. "We expect a year in which international trade rebounds," Economy Minister ...

China Foreign Direct Investment at Four-Year Low -- Update

TODAY: Sept. 16, 2014 PUB DATE: Sept. 16, 2014

BEIJING--China's foreign direct investment fell in August to its lowest level in more than four years, in the latest sign of slowing growth in China and an increasingly cautious outlook from foreign business. While foreign-investment figures tend to fluctuate, the ...

Eurozone Wage Growth Picks Up in Second Quarter

TODAY: Sept. 16, 2014 PUB DATE: Sept. 16, 2014

Wage growth across the 18 countries that share the euro picked up in the three months to June, as did total labor costs, both signs that inflationary pressures in the eurozone may be set to pick up. Figures also released ...

Russia May Tap Rainy Day Fund Soon

TODAY: Sept. 16, 2014 PUB DATE: Sept. 16, 2014

MOSCOW--Russia may tap its reserve fund next year for the first time in six years as the country faces increasing capital flight and decreasing oil prices, a finance ministry official said Tuesday. Russia's flagging economic growth and stubbornly high inflation ...

Australian House Prices Stir Worry for Reserve Bank

TODAY: Sept. 16, 2014 PUB DATE: Sept. 16, 2014

By James Glynn SYDNEY--Australia's central bank is becoming increasingly concerned by the country's soaring house prices, minutes of this month's policy meeting published Tuesday showed. In its severest warning yet on house prices, the Reserve Bank of Australia said surging ...

Asian Shares Slightly Lower

TODAY: Sept. 16, 2014 PUB DATE: Sept. 16, 2014

Stocks in Japan were slightly lower Monday, as nervousness rose that the U.S. Federal Reserve would signal a clearer path for raising interest rates and that investors would divert funds to invest in Alibaba Group's debut later this week. The ...

Lafarge Sells Russian Unit to Buzzi Unicem to Cut Debt

TODAY: Sept. 16, 2014 PUB DATE: Sept. 16, 2014

By Inti Landauro PARIS--French cement maker Lafarge SA (LG.FR), which is in process of merging with Swiss rival Holcim Ltd. (HOLN.VX), said Tuesday it has sold a Russian unit to Buzzi Unicem as part of its effort to cut debt. ...

Scotland Vote Weighs on Pound -- Update

TODAY: Sept. 16, 2014 PUB DATE: Sept. 16, 2014

By Josie Cox Investors are displaying last-minute nerves ahead of Scotland's looming referendum on independence. The pound was trading about 0.3% lower against the U.S. dollar Tuesday, hovering around $1.62, close to the year's low of $1.6052 hit last week ...

G-20 Plan for Company Tax Overhaul Remains On Course

TODAY: Sept. 16, 2014 PUB DATE: Sept. 16, 2014

By Paul Hannon Plans to overhaul the international tax system to make it more difficult for companies to shift profits to low-tax countries remain on track, with the Organisation for Economic Cooperation and Development Tuesday meeting an ambitious deadline for ...

Argentina Budget Bill Puts 2015 Growth at 2.8%

TODAY: Sept. 16, 2014 PUB DATE: Sept. 16, 2014

BUENOS AIRES--The Argentine government submitted its 2015 budget bill to Congress on Monday, forecasting an economic rebound of 2.8% following growth of just 0.5% this year. "We expect a year in which international trade rebounds," Economy Minister Axel Kicillof told ...

Sterling Suffers as Scotland Vote Weighs on Investors

TODAY: Sept. 16, 2014 PUB DATE: Sept. 16, 2014

By Josie Cox The British pound continued to weaken Tuesday, with investors displaying last-minute nerves ahead of Scotland's imminent referendum on independence, the outcome of which analysts say is still too close to call. In early European trade, sterling was ...

CURRENCIES: Dollar Flat Against Rivals Ahead Of FOMC

TODAY: Sept. 16, 2014 PUB DATE: Sept. 16, 2014

By Hiroyuki Kachi The dollar was basically flat against rival currencies in Asian trade Tuesday, as investors remained reluctant to make major moves ahead of the closely-watched Federal Open Market Committee policy meeting. As of late Asian trade, the dollar ...

ThyssenKrupp To Start Talks With Airbus Group Over Atlas Elektronik

TODAY: Sept. 16, 2014 PUB DATE: Sept. 16, 2014

By Hendrik Varnholt and Ulrike Dauer FRANKFURT--ThyssenKrupp AG (TYEKY, TKA.XE) said on Tuesday it will start talks with Airbus Group (EADSY), which plans to sell its 49% stake in Atlas Elektronik as part of a streamlining strategy. The German steelmaker ...

UK Inflation Rate Dips Unexpectedly In August

TODAY: Sept. 16, 2014 PUB DATE: Sept. 16, 2014

By Nicholas Winning and Matthew Cowley LONDON--The U.K.'s inflation rate dipped unexpectedly in August, suggesting the Bank of England will be in no hurry to raise interest rates even though the economy is growing at a solid rate, official data ...

U.S. Producer Prices Unchanged in August

TODAY: Sept. 16, 2014 PUB DATE: Sept. 16, 2014

By Jonathan House and Sarah Portlock WASHINGTON--A gauge of U.S. inflation was unchanged in August, a sign that price pressures remain tame amid subdued economic growth. The producer-price index for final demand, which measures changes in the prices firms receive ...

U.S. Producer Prices Unchanged in August

TODAY: Sept. 16, 2014 PUB DATE: Sept. 16, 2014

By Jonathan House and Sarah Portlock WASHINGTON-A gauge of U.S. inflation was unchanged in August, a sign that price pressures remain tame amid subdued economic growth. The producer-price index for final demand, which measures changes in the prices firms receive ...

Sterling Suffers as Scotland Vote Weighs on Investors

TODAY: Sept. 16, 2014 PUB DATE: Sept. 16, 2014

The British pound continued to weaken Tuesday, with investors displaying last-minute nerves ahead of Scotland's imminent referendum on independence, the outcome of which analysts say is still too close to call. In early European trade, sterling was 0.3% lower against ...

Eurozone Wage Growth Picks Up in Second Quarter

TODAY: Sept. 16, 2014 PUB DATE: Sept. 16, 2014

By Paul Hannon Wage growth across the 18 countries that share the euro picked up in the three months to June, as did total labor costs, both signs that inflationary pressures in the eurozone may be set to pick up. ...